SEOUL, JAN. 23, 2019 — Hyundai Motor Group’s Executive Vice Chairman Euisun Chung calls for increasing general team-work to assistance tackle tellurian meridian challenges, as he is allocated co-chair of a Hydrogen Council, a tellurian bloc of some-more than 50 distinguished energy, ride and industrial companies with a common prophesy for hydrogen’s constituent purpose in a purify appetite transition.

In a corner op-ed published on a central blog of a World Economic Forum (WEF) during a Annual Meeting in Davos, EVC Chung and Chairman Benoit Potier of Air Liquide ― incoming and stream co-chairs of a Hydrogen Council respectively ― emphasized a need for multilateral team-work in realizing a advantages of tellurian hydrogen deployment. In a address, a co-chairs confirmed an invariable position that public-private partnership is a usually approach to pierce a hydrogen economy from an thought to a genuine matter for a appetite transition.

Through collaborative care of a Hydrogen Council alongside Benoit Potier, EVC Chung hopes to minister to expediting a fulfilment of a zero-emission hydrogen appetite society, that will assistance residence tellurian meridian hurdles for destiny generations.

Earlier this year, Hyundai Motor Group validated a joining to accelerating a growth of a hydrogen multitude by leveraging a group’s fuel dungeon technologies, announcing ‘FCEV Vision 2030’. This includes a devise to drastically boost a annual fuel dungeon systems prolongation ability to 700,000 units by 2030 and try new business opportunities to supply them to other transportation, appetite era and storage systems sectors in a future.

Aligning to achieving a goals of The Paris Agreement, that is endeavour desirous efforts to fight meridian change and adjust to a effects, a Hydrogen Council was launched during a World Economic Forum 2017, in Davos, and is a initial tellurian beginning of a kind. Through general cooperation, it works with several pivotal stakeholders such as governments, tellurian agencies, and a private sector, to showcase a advantages of hydrogen technology, while seeking to rise a vital devise to assistance accelerate vital investment into a commercialization of hydrogen solutions on a tellurian scale.

When constructed from renewable and low-carbon sources such as solar and breeze appetite as good as CO constraint storage (CCS) technologies and solutions, hydrogen has 0 CO2 emissions during a indicate of use. As remarkable by a new McKinsey report, during scale, hydrogen could accommodate 18 percent of a world’s appetite demand. The Hydrogen Council predicts a annual direct for hydrogen will boost tenfold by 2050, formulating jobs and bolstering economies.

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ABOUT HYUNDAI MOTOR GROUPHyundai Motor Group is a tellurian house that has combined a value sequence formed on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, a group’s vehicle brands embody Hyundai Motor Co. and Kia Motors Corp. Armed with artistic thinking, mild communication and a will to take on all challenges, we are operative to emanate a improved destiny for all.